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- 1 Chainlink (LINK) has surged towards $19.00, exceeding investor expectations.
- 2 Tron experienced significant volatility in the crypto market despite an increase in USDT activity.
The Tron (TRX) Price has risen more than 17% since the previous month, giving investors great returns. Meanwhile, NuggestRush’s price has increased by more than 5% in the same period.
However, Chainlink (LINK) has surpassed both in the context of absolute returns. LINK Price has risen more than 36% since the start of this month, which is the highest among the three.
NuggetRush (NUGX), which is expected to be listed on Nagatarash, has impressed investors since its presale began. NuggetRush introduces itself as an innovative mining experience where players can collect gaming rewards and an Ethereum-based meme coin ecosystem where members can enjoy the benefits of belonging to a community.
Mining with NuggetRush (NUGX) is easy, even for those with little or no mining experience. A skilled mining team and quality equipment are required to handle your mining operations. NFT characters with mining and business management skills have been created, and collecting these NFT characters is a significant part of NuggetRush (NUGX) gameplay.
Tron vs Chainlink: Price Comparision
Chainlink (LINK) has surged towards $19.00, exceeding investor expectations. It was among the top altcoins to end 2023 bullishly and has sustained its rally better than other networks.
CoinMarketCap data shows that Chainlink’s (LINK) market capitalization has increased by over $1 billion since early 2024. On January 1, LINK was priced at $15.54; by January 25, it had fallen 11.8% to $13.76. However, on February 6, LINK increased by 32.9% to $18.30.
Chainlink (LINK)’s rise was partly due to the excitement surrounding its recent partnership with Circle. The partnership details reveal that Chainlink (LINK) will integrate Circle’s cross-chain transfer protocol into its CCIP, enabling the secure transfer of USDC stablecoins across various blockchains. If enthusiasm about its partnership continues, Chainlink’s LINK token could rise by 12.0% to $20.50.
Tron experienced significant volatility in the crypto market despite an increase in USDT activity. According to Messari data, USDT activity on Tron grew by 11% quarter-on-quarter (QoQ) in Q4 2023. However, monitoring organizations panicked due to the rise in criminal transactions on Tron.
Tether has agreed to involve federal law enforcement agencies on its network, which some analysts believe will increase scrutiny on Tron. As a result, TRX may experience a decrease, causing a reduction in Tron FOMO among altcoins. LINK is in a steeper uptrend when compared to TRON when seen in the daily time frame.
Summary
In the last month, Tron (TRX) and NuggestRush prices have risen by 17% and 5%, respectively. However, Chainlink (LINK) has outperformed both, with a 36% rise since the start of this month. LINK rose due to the Circle partnership, and Tron saw volatility despite the USDT increase.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
